Online loans in Amritsar

Famous for the Golden temple, Amritsar has a deep-rooted history related to the independence of India. Among them, Jallianwala Bagh stands out for the horrific massacre that took place there. At present, it is the second-most populated city in Punjab, contributing to its economy through businesses like chess piece manufacturing, Pashmina shawl, blankets, woollens, etc.

It is the fastest-growing city in terms of industrialisation in Punjab. This growth has caused a lot of positive developments in the city. Owing to these improvements, the cost of living has also increased significantly in recent years. Individuals can smartly manage their expenses associated with an array of ends by availing an online loan in Amritsar.

There are several benefits of an online that make them a better alternative to their offline counterparts, like:

Convenient Accessibility – One does not have to take time out of their busy schedule to avail these. They can apply for an online loan at any time they want as these are available even when traditional banks are close.
Variety in Options – These are available in various different forms under both secured and unsecured categories. Besides, since these are online, one can compare numerous options before settling for the most advantageous offer.
Fast Approval – Online loans take much less time to get approved and disbursed. Individuals can thus use instant online loans in Patiala to meet emergencies efficiently.

Although online loans are beneficial overall, the significances of secured and unsecured loans are quite different. In some respects, an unsecured online loan can prove to be less profitable than a secured loan.

An unsecured credit facility can be faster in terms of approval, but they can also have the following issues.

Extra Documentation And Eligibility Criteria

In general terms, the documentation of an offline loan is the most extensive. However, unsecured online loans are just a few documents behind them. The high risk related to collateral-free credit products makes the lenders keep their requirements high. This makes the loan process less accessible to certain individuals.

High Rate Of Interest

The same risk also makes lenders keep the interest rate high so that they can minimise the risk in case of a faulty borrower.

These shortcomings can be avoided without missing on the better parts of an unsecured loan. For that when you search “online loan lenders near me”, look for a gold loan online. These are even more advantageous in terms of eligibility and fast approval when it is availed from us.

To ensure that our customers get the most out of their loan without carrying a substantial burden, we provide:

Quick Approval

These are cash loan in 1 hour in Amritsar, as the entire process from application to loan disbursal takes not more than 60 minutes.

Reasonable Rates Of Interest

Our gold-backed online loan in Amritsar comes at a monthly interest rate as low as 0.79% to our customers.

Overdraft Facility For Convenience

Withdraw your required amount whenever you want from your approved credit line and only pay interest for that sum of money. Avail our overdraft facility called Rupeek Quick over and above your existing online gold loan easily.

High Per-Gram Rate

We offer the highest per-gram rate, ensuring that our customers can get the most out of their assets. Please check our gold loan calculator to understand how we calculate these amounts.

One can avail our gold-backed immediate cash loan Amritsar from both our app and website. Once you have applied for our credit facility, our representative will visit your home to do the needful procedures. Currently, we have our representatives operating in most parts of the city to provide financial aid to as many people as we can.

Comparision Parameters	Other online loans	Online Gold loan
Interest Rate	2.39%	0.79%
Monthly Interest Amount
Eligibility & Documentation	More Documents Needed	Only KYC Needed
Processing Time & Disbursement	2 days to 1 week	Within a day
Required Gold Weight	-